March 23 - Westralian Gas and Power Limited

Tuesday, 15 February, 2005 - 21:00

Proposed code: WGP

Issue price: $0.25 plus free attaching options.

Principal activities: coal seam methane gas exploration.

Corporate: Peter Briggs (executive chairman); Steve Thomas (managing director); Alan Burns (non-executive director); and Paul Fromson (company secretary).

www.westraliangasandpower.com.au

(08) 9322 6955

Westralian seeks to raise $4 million to further its coal seam methane gas exploration, largely between Augusta and Busselton but also around Geraldton and Eneabba.

Lead manager: Patersons Securities Limited